Corient Private Wealth LLC Has $107.41 Million Stock Holdings in Analog Devices, Inc. $ADI

Corient Private Wealth LLC reduced its position in Analog Devices, Inc. (NASDAQ:ADI) by 41.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 451,252 shares of the semiconductor company’s stock after selling 318,414 shares during the period. Corient Private Wealth LLC owned about 0.09% of Analog Devices worth $107,407,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. National Wealth Management Group LLC acquired a new position in shares of Analog Devices during the 2nd quarter worth approximately $558,000. Caldwell Trust Co acquired a new stake in Analog Devices during the 2nd quarter valued at $1,490,000. Valeo Financial Advisors LLC increased its holdings in shares of Analog Devices by 6.7% in the second quarter. Valeo Financial Advisors LLC now owns 5,052 shares of the semiconductor company’s stock valued at $1,203,000 after purchasing an additional 317 shares during the last quarter. Centaurus Financial Inc. increased its holdings in shares of Analog Devices by 11.4% in the second quarter. Centaurus Financial Inc. now owns 2,187 shares of the semiconductor company’s stock valued at $521,000 after purchasing an additional 224 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of Analog Devices by 132.8% in the second quarter. Thrivent Financial for Lutherans now owns 62,560 shares of the semiconductor company’s stock valued at $14,887,000 after purchasing an additional 35,682 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Activity at Analog Devices

In related news, CAO Michael Sondel sold 8,169 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $278.03, for a total transaction of $2,271,227.07. Following the transaction, the chief accounting officer directly owned 18,913 shares of the company’s stock, valued at $5,258,381.39. This represents a 30.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $234.95, for a total transaction of $2,349,500.00. Following the completion of the sale, the chief executive officer directly owned 163,640 shares of the company’s stock, valued at approximately $38,447,218. This trade represents a 5.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 35,419 shares of company stock worth $8,791,598 over the last quarter. 0.33% of the stock is currently owned by insiders.

Analog Devices Stock Performance

ADI stock opened at $280.44 on Tuesday. The firm has a market cap of $137.32 billion, a PE ratio of 61.50, a price-to-earnings-growth ratio of 1.55 and a beta of 1.03. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average price of $246.90 and a 200-day moving average price of $240.92. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $284.23.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.22 by $0.04. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.02 billion. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.67 EPS. As a group, equities research analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Monday, December 8th will be paid a $0.99 dividend. The ex-dividend date is Monday, December 8th. This represents a $3.96 annualized dividend and a dividend yield of 1.4%. Analog Devices’s payout ratio is currently 86.84%.

Wall Street Analyst Weigh In

ADI has been the subject of several research reports. Robert W. Baird raised their price objective on shares of Analog Devices from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research note on Thursday, August 21st. BNP Paribas Exane began coverage on Analog Devices in a report on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 target price on the stock. Barclays lifted their price target on shares of Analog Devices from $185.00 to $240.00 and gave the company an “equal weight” rating in a report on Thursday, August 21st. Finally, Stifel Nicolaus set a $280.00 price objective on Analog Devices in a research report on Friday, November 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Analog Devices has an average rating of “Moderate Buy” and an average price target of $283.61.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.